Accelerating a defaulted loan seems almost automatic. There will be times when the statute of limitations may lead to a different decision. Tom Lerner explains that the Court of Appeals holds that the decision to accelerate must be explicitly stated. It is not enough to leave it to be inferred.
Stokes Law Briefs
The Washington Department of Labor and Industries announced that piece rate workers who earn a nondiscretionary bonus are entitled to additional rest break pay. Sarah Wixson explains the impact of this policy and how employers should calculate rest break pay.
Proposed regulations under the Internal Revenue Code are designed to eliminate or significantly reduce the discounts that will be available when valuing interests in family-owned entities for gift, estate and generation-skipping transfer tax purposes. Katie Groblewski explains the implications.
Washington is one of only 10 community property states in the United States. Ellen Jackson shares the basics on community property law and how it pertains to estate planning.
On July 25, 2016, in Bero v. Name Intelligence, Inc., the Washington Court of Appeals held that a receivership could be terminated without resolving all timely filed claims. Tom Lerner explains how creditors who want to be sure that their claims are adjudicated in a receivership will have to take a more active role in the litigation than has typically been required.
This is Part 2 in a two-part series on creditors' claims on estates. Part 1 reviewed the basics for filing creditors' claims against an estate. This segment reviews the process for filing a suit when a claim is rejected.